Inforum, or Interindustry Forecasting at the University of Maryland, was founded nearly 50 years ago by Dr. Clopper Almon, now Professor Emeritus of the University. It is dedicated to improving business planning, government policy analysis, and the general understanding of the economic environment. Inforum accomplishes this mission through:

• Building and using structural economic models of U.S. and other economies. Inforum pioneered the construction of dynamic interindustry-macroeconomic models that portray the economy in a unique "bottom-up" fashion.

• Working with government and private sector research sponsors to investigate a variety of issues. Economic projections and analysis using Inforum econometric models are distinguished by detail at the industrial and product level.

• Serving as a training crucible for University of Maryland graduate and undergraduate students who receive valuable training in empirical economics. Indeed, Inforum graduate research assistants have completed over 40 Ph.D. dissertations, most of which have contributed directly to the infrastructure of Inforum.

• Maintaining active and productive ties with a world-wide network of research associates, each of which uses Inforum modeling methods and software. The Inforum partners have held annual conferences since 1993 to foster cooperation and development of economic knowledge and techniques.

Since its founding in 1967 by Dr. Clopper Almon, Inforum has served government agencies and private sector entities interested in economic analysis facilitated by Inforum's approach. In particular, Interindustry-Macroeconomic (IM) models combine input-output structure with econometric equations in a dynamic and detailed framework. Because of their ability to portray the detailed structure of economies over actual time periods, these models fill an important gap in the inventory of existing models of the U.S. and foreign economies. In addition to forecasting, the models often are used to answer "what if" questions about the impact across industries of fluctuation in the macroeconomic environment, such as changes in exchange rate or tax policy.

Macroeconomic Impact of the House GOP Blueprint for Tax Reform January 10, 2017 - Inforum released today a report that analyzes the macroeconomic impact of the business provisions of the House GOP Blueprint for Tax Reform. Authored by Inforum’s Douglas Meade, the report attempts to quantify the potential effects of the Blueprint on both macroeconomic responses and industry-by-industry behavior through two different scenarios of possible paths of the U.S. economy from 2017 to 2026.
The Manufacturing Value Chain February 2016 - The MAPI Foundation, with support from Jeff Werling and Doug Meade of Inforum, used national input–output tables to show that two measures commonly used to quantify manufacturing’s economic footprint underestimate the impact of the factory sector. This research reveals that manufacturing and related activities account for about one-third of GDP and 32% of the U.S. workforce.
Roadmap for the Washington Region's Economic Future January 16, 2016 - The 2030 Group, a collection of local business and academic leaders, released "The Roadmap for the Washington Region's Economic Future." The report describes strategies to strengthen the local economy, increase employment opportunities, and improve the quality of life in the metropolitan area. Inforum identified and analyzed seven industrial clusters that can drive the Washington region's development over the coming decade.
The Supply Side of Health Care April 15, 2014 - A common assertion is that health care is over one-sixth of the economy, but this claim is based only on a measure of health care demand. Our work reconciles information about the supply and demand sides by linking the National Health Expenditure Accounts to domestic production and imports, value added, and employment.
A complete listing of recent news is available.

About Us | Site Map | Contact Us | University of Maryland | Page last updated: October 9, 2017